A city’s budget is $8,000,000. It actually spends $12,000,000.What is the city’s deficit?

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A city’s budget is $8,000,000. It actually spends $12,000,000.What is the city’s deficit?

Deficit = Budget - Spend
Deficit = $8,000,000 - $12,000,000
Deficit = -$4,000,000